FBK vs HWC: Correlation
How closely do FB Financial Corporation (FBK) and Hancock Whitney Corporation (HWC) trade together? Their weekly returns over three years give a correlation of 0.86, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBK and HWC?
On 3 years of weekly data the FBK/HWC correlation comes out at 0.86, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.79 over 1 year against 0.86 over 3. The 5-year figure is 0.80, and annualized covariance runs at 804.3 %².
Within FBK's tracked universe of 10 assets, HWC comes in at #5 by 3-year correlation. Over the last 12 months HWC came out ahead by 12.7 percentage points (+8.9% against +21.6%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FBK vs HWC: side by side
| FBK (FB Financial Corporation) | HWC (Hancock Whitney Corporation) | |
|---|---|---|
| 1-year return | +8.9% | +21.6% |
| 5-year return | +53.1% | +89.0% |
| Volatility (ann.) | 30.3% | 30.7% |
| Beta vs S&P 500 | 0.94 | 1.03 |
| Max drawdown (3Y) | -30.6% | -23.9% |
| Market cap | $2.9B | $6.0B |
| P/E (trailing) | 15.3 | 14.7 |
| Dividend yield | 1.39% | 2.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBK | HWC |
|---|---|---|
| 2022 | -16.5% | -1.2% |
| 2023 | +12.3% | +3.3% |
| 2024 | +31.4% | +16.1% |
| 2025 | +10.0% | +20.0% |
| 2026 | +4.4% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBK and HWC good diversifiers for each other?
No. With a correlation of 0.86, FBK and HWC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FBK and HWC?
The FBK/HWC correlation stands at 0.86 on a 3-year window (1 year: 0.79, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is HWC a good diversifier for FBK?
No. With a correlation of 0.86, FBK and HWC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.86 mean?
A reading of 0.86 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fbk-vs-hwc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbk-vs-hwc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FBK correlations · HWC correlations
